Ghana: Fitch Ratings Upgrades Ecobank Group’s Outlook to Positive

Fitch Ratings has revised the Outlook on Ecobank Transnational Incorporated (BRVM: ETIT) to Positive from Stable and affirmed its Long-Term Issuer Default Rating at B-.

The agency cited an improving operating environment in the group’s main markets of Ghana, Côte d’Ivoire and Nigeria. Fitch also pointed to reduced foreign-exchange exposure, which is expected to limit translation losses and support profitability and capitalisation.

Ecobank Nigeria Limited remains in breach of regulatory capital…